Forfeitures
/ˈfɔːrfɪtʃərz/
Definitions
- (n.) The act or process of losing property or rights as a penalty for wrongdoing, often imposed by law or court order.
The court ordered the forfeitures of assets obtained through illegal activities.
- (n.) The property or rights that are lost or surrendered as a result of forfeiture.
The government seized the forfeitures after the conviction of the defendant.
Related terms
See also
Commentary
Forfeitures often arise in criminal and civil law contexts involving penalties and property rights; distinguish between the act (process) and the property lost.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.